Fasanara Capital has introduced a strategic $200m (£167m) cope with a Canadian pension fund.
The choice credit score and enterprise capital investor – which has invested in peer-to-peer lending platforms corresponding to FundOurselves – will use the additional money to assist bolster its portfolio corporations, stated chief government Francesco Filia.
“This capital will assist bolster our portfolio corporations, by offering them with the knowledge that they’ll entry a variety of economic merchandise, ought to they want them,” Filia stated.
“At a time when the broader capital market is experiencing such uncertainty, Fasanara’s portfolio corporations know that they belong to an ecosystem which is strongly supported by a few of the largest institutional traders in Europe and North America.”
Whereas Fasanara has opted to not title the pension fund in query, a number of Canadian pension funds have invested in fintech funds over the previous few years.
Fasanara Capital invests in fintech lenders and Web3 startups, with the goal of funding bill receivables, working capital amenities, short-term enterprise loans, and different speciality finance mortgage merchandise.
Over the previous yr it has been getting into new markets corresponding to India. The corporate stated that it hopes to increase into the US within the close to future.
Earlier this yr, Fasanara introduced plans to launch a $350m enterprise capital fund that may put money into fintech and crypto corporations.
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